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Studio · 571 sqftBlue Wave Tower, Dubailand Residence Complex · 5th floor · completed 2023

504, Blue Wave Tower

Sold prices and rental history: sold once, by the developer in February 2021, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 12 March 2026
Last soldAED 456K10 February 2021
Current rentAED 58K /yr12 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 504, Blue Wave Tower

What is 504 worth today?

Last sold for AED 456,475 in 2021

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12 Mar 2026RentedNew contract
AED 58,000/yr12 months · AED 100 per sqft
28 Feb 2025RentedNew contract
AED 51,000/yr12 months · AED 89 per sqft
10 Feb 2021Sold by developerOff-plan
AED 456,475AED 799 per sqft

Source: Dubai Land Department. Updated 12 March 2026.

Key facts

Type
Studio apartment
Size
571 sqft
Floor
5th of 19
Parking
1
Developer
Tiger Properties
Completed
2023
Service charge
AED 8,900 /yr
Last sold
AED 456K · February 2021
Building
Blue Wave Tower

About 504, Blue Wave Tower

504 is a studio of 571 sqft on the 5th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. The developer sold it on 10 February 2021 for AED 456,475, or AED 799 per sqft, 9% below the AED 881 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 12 March 2026, is AED 58,000 a year: a gross yield of 12.7% on the 2021 price, before the service charge of about AED 8,900 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical studio in Blue Wave Tower
400K500K2020202220242026Typical sale price by year: 2020 AED 370,000; 2021 AED 435,860; 2022 AED 442,733; 2023 AED 400,000; 2024 AED 445,000; 2025 AED 455,000; 2026 AED 510,000Sold by developer, February 2021: AED 456,475 (AED 799 per sqft)

504 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 504, each contractTypical studio in Blue Wave Tower
40K60K20232024202520262027Typical rent by year: 2023 AED 35,000; 2024 AED 38,000; 2025 AED 42,000; 2026 AED 42,000New contract, February 2025: AED 51,000 a yearNew contract, March 2026: AED 58,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Blue Wave Tower, and where 504 sits

All 326 studios →

504 last sold in February 2021 at AED 799 per sqft, 9% below what studios in Blue Wave Tower were fetching at the time (AED 881). Over the last 12 months studios sold for AED 307,704 to 565,000, around AED 953 per sqft, and rent for AED 25,000 to 67,229 a year. 504's AED 58,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026510,000
6 Oct 2026540,000
1 Oct 2026445,000
24 Sep 2026485,000
31 studio sales in the last 12 months

Blue Wave Tower

Building

556 apartments, studios to 2-bed over 19 floors in Dubailand Residence Complex, completed in 2023 by Tiger Properties. 40 sold in the last 12 months.

Typical price per sqft
AED 955 Up 3.8%
Typical sale
AED 520K
Typical rent
AED 46K /yr
Typical yield
8.0%
Blue Wave Tower, Dubailand Residence Complex: prices, sales and rents →

Other units on the 5th floor

All 556 units in Blue Wave Tower
Value
501StudioAED 436K · May 2023
502StudioAED 520K · May 2026
503StudioAED 437K · Mar 2022
505StudioAED 349K · Oct 2023
506StudioAED 349K · May 2023
5071-bedAED 712K · Nov 2022
5081-bedNo registered sale
1–7 of 29

504, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 10 February 2021 for AED 456,475, or AED 799 per sqft.
  • Rented since February 2025 on 2 Ejari contracts, from AED 51,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2021 price is 12.7%, before a service charge of about AED 8,900 a year (AED 15.54 per sqft).
  • Studios in Blue Wave Tower sold for AED 307,704–565,000 in the 12 months to November 2026; the building's median across all types is AED 955 per sqft.

Source: Dubai Land Department. Updated 12 March 2026.

Questions about 504, Blue Wave Tower

What did unit 504 last sell for?

AED 456,475 on 10 February 2021, sold by the developer: AED 799 per sqft for 571 sqft. It is the only registered sale of the unit.

What is the rent for unit 504?

AED 58,000 a year on the contract signed on 12 March 2026. The previous contract, from February 2025, was AED 51,000.

How big is unit 504?

571 sqft (53.0 sqm): a studio on the 5th floor of a 19-storey tower completed in 2023.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Blue Wave Tower sold for AED 307,704 to 565,000 in the last 12 months, around AED 953 per sqft.

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Mortgage on 504, Blue Wave Tower

Starts from the last sale price (AED 456K, 10 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 456,475
Deposit, UAE resident (20%)
AED 91,295
Deposit, non-resident (40%)
AED 182,590
Monthly over 25 years at 3.7%
AED 1,868

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →